^IXIC vs. QQQM
Compare and contrast key facts about NASDAQ Composite (^IXIC) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IXIC or QQQM.
Correlation
The correlation between ^IXIC and QQQM is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^IXIC vs. QQQM - Performance Comparison
Key characteristics
^IXIC:
0.37
QQQM:
0.39
^IXIC:
0.61
QQQM:
0.64
^IXIC:
1.08
QQQM:
1.08
^IXIC:
0.52
QQQM:
0.57
^IXIC:
1.41
QQQM:
1.50
^IXIC:
5.22%
QQQM:
5.13%
^IXIC:
20.03%
QQQM:
19.53%
^IXIC:
-77.93%
QQQM:
-35.05%
^IXIC:
-12.75%
QQQM:
-11.61%
Returns By Period
In the year-to-date period, ^IXIC achieves a -8.85% return, which is significantly lower than QQQM's -6.72% return.
^IXIC
-8.85%
-4.08%
-1.81%
8.38%
19.09%
13.70%
QQQM
-6.72%
-4.12%
-0.89%
8.66%
N/A
N/A
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Risk-Adjusted Performance
^IXIC vs. QQQM — Risk-Adjusted Performance Rank
^IXIC
QQQM
^IXIC vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) and Invesco NASDAQ 100 ETF (QQQM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^IXIC vs. QQQM - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for ^IXIC and QQQM. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. QQQM - Volatility Comparison
NASDAQ Composite (^IXIC) has a higher volatility of 8.06% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.66%. This indicates that ^IXIC's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.